Even during a horrible recession and a near 55% drop in American car sales, automobile purchases must continue. The market for car sales is getting very competitive and dealers are lowering prices to encourage people to buy more cars. Nowadays, it is possible to get the keys for a new car at almost unheard of prices. If you have the money and want to go car shopping, remember that the market is in your favor and that dealers will drop their prices or be faced with an aging inventory.
This list highlights some of the most affordable cars in the American market:
Vehicle upkeep can very expensive if you’re not a mechanic. Cars, like most other human creations, are faulty. Actually, this is called planned obsolescence and is the manufacturers way of making sure your car breaks down or begins to give you a steady source of problems so that you buy a new car. Thus, you will spend more of your money. However, right from the beginning, vehicles can be quite an expense – from purchase to maintenance (along with mandatory payments during use- such as insurance and gas). As many of you guys know, mechanics have a way of bringing the worst out of your car, so there are a few steps we must take to ensure we aren’t wasting money.
Auto insurance payment can be quite expensive, especially if you have a new car or a bad traffic history. Being mandatory in most states and with quite expensive payments, auto insurance can cost you upwards of $1,000 a year. However, I have managed to cut my costs to only $550 a year by following some simple steps.
You can save money by using these tips as well.
1. The most obvious way to save money is by using the safe driver discounts that insurance companies provide. In order to be part of this program, you have to have a safe driver record (1 accident/ ticket in 3 years is the benchmark). This can save you over 150-20% on your payments.
Subscribe for E-mail Updates
New on SmarterSpend
- How Hire a Contractor for Less Without Sacrificing Quality
- Top 5 Craigslist Scams to Avoid
- 8 Companies Facing Bankruptcy in 2011
- The Ultimate Personal Finance Blog Rankings from MoneyCrashers!
- Investing in Health Care: 3 Innovative New Drugs to Watch